The NMP Blog

You may have noticed that News From NAMB is not just links to other media stories but also goes to primary sources. News From NAMB is different because we find important information that may not be reported elsewhere and we comment on why it is relevant to you, often in a fun way. Best of all, it is free to NAMB members. News From NAMB is sponsored exclusively by United Wholesale Mortgage

Submitted by on Thu, 2016/12/01 - 4:17pm

Happy Thanksgiving From NAMB!
You may have noticed that News From NAMB is not just links to other media stories but also goes to primary sources. News From NAMB is different because we find important information that may not be reported elsewhere and we comment on why it is relevant to you, often in a fun way. Best of all, it is free to NAMB members. News From NAMB is sponsored exclusively by United Wholesale Mortgage

Submitted by on Wed, 2016/11/23 - 3:33pm

On the Nov. 21 episode of my Lykken on Lending podcast, we discussed with Erin Dee of Legacy Mutual Mortgage the many different things that go into making the transition from broker to banker. There are legal and regulatory issues, issues in growth strategy, profitability issues, and issues with recruiting and training. One issue that often gets overlooked, however, also turns out to be one of the most important: Leadership capabilities.

Submitted by on Wed, 2016/11/23 - 10:45am

After Donald Trump’s stunning victory on Election Day, many of us are wondering what his election might mean to the residential mortgage industry, especially considering the Trump team provided few details on housing during the campaign. The following are some perspectives.

Reduced regulations
This is the one area where the Trump campaign did provide some indication of what the President-Elect would do. Trump’s transition team has recently indicated that it would like to see a full repeal of the Dodd-Frank law, which would include the abolishment of the CFPB. Many people think this is unlikely, but most in the mortgage industry would welcome a broad rollback of regulations. Reduced regulation would provide a number of things, some good and some not so good, depending on where you work and where you stand on issues such as sub-prime lending.

Submitted by on Fri, 2016/11/18 - 11:44am

You may have noticed that News From NAMB is not just links to other media stories but also goes to primary sources. News From NAMB is different because we find important information that may not be reported elsewhere and we comment on why it is relevant to you, often in a fun way. Best of all, it is free to NAMB members. News From NAMB is sponsored exclusively by United Wholesale Mortgage

Submitted by on Thu, 2016/11/17 - 4:57pm

Anyone who has been in sales long enough knows that there is more to the job than most people realize. There is a level of nuance and detail that is often more art than science. This is second nature to a good sales rep, because they know how crazy and odd their job can get.

There are two common misconceptions about people who work in sales. One is that being a sales rep for a company is the same thing as working the floor of a big box store hawking TVs. The other is that being a sales rep is easy work, and all it consists of is shooting the bull and filling random orders that are called in. The truth is, a sales rep has to constantly hustle. Sure, playing a round of golf with a customer sounds fun, and compared too many jobs it is, but it is still work. Keep in mind that golf is considerably less fun when you have to throw the game to keep the customer happy.

Submitted by on Wed, 2016/11/16 - 2:32pm

On the Nov. 14 episode of my Lykken on Lending podcast, we had the opportunity to discuss the Millennial consumer with Leslie Gibin of Arch MI. While more Millennials have been entering the market for homeownership, that growth has been slow. Millennials have difficulty finding work and, when they do, they have difficulty believing the work is stable. The uncertainty, coupled with student debt, leads them to shrink back from a long-term investment like owning a home.

Submitted by on Wed, 2016/11/16 - 12:55pm

As the results of the U.S. Presidential election have rolled in, many—whether they be supporters or opponents of the President-Elect—have expressed a tremendous amount of surprise by the upset. Few of our most trusted sources predicted a President Trump, but it looks like it's actually happening. Much has been written about what's behind the astonishing amount of support Donald Trump has received, but I think it might possibly boil down to an idea that has been around since the beginning of his campaign: Donald Trump "tells it like it is."

Submitted by on Fri, 2016/11/11 - 3:07pm

You may have noticed that News From NAMB is not just links to other media stories but also goes to primary sources. News From NAMB is different because we find important information that may not be reported elsewhere and we comment on why it is relevant to you, often in a fun way. Best of all, it is free to NAMB members. News From NAMB is sponsored exclusively by United Wholesale Mortgage

Submitted by on Thu, 2016/11/10 - 5:03pm

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